Portland : State Data and Comparisons : Data-Z

Portland, OR

TIA Data

2023 Financial State of Portland (Released 02/27/2024)

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Portland owes more than it owns.

Portland has a -$18,600 Taxpayer Burden.™

Portland is a Sinkhole City without enough assets to cover its debt.

Decisions by elected officials have created a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.

TIA's Taxpayer Burden™ measurement incorporates all assets and liabilities, including retirement obligations.

Portland only has $2.1 billion of assets available to pay bills totaling $6.6 billion.

Because Portland doesn't have enough money to pay its bills, it has a -$4.5 billion financial hole. To erase this shortfall, each Portland taxpayer would have to send -$18,600 to the city.

Portland's reported net position is understated by $160.4 million, largely because the city defers recognizing gains resulting from decreases in retirement liabilities.

The city's financial report was released 122 days after its fiscal year end, which is considered timely according to the 180 day standard.